June 1st, 2007 9:37 am
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Limited equity housing cooperatives; a method of providing home ownership to working people (especially folks that work as teachers, police, and other civil service or employees of non profits) that provides the tax benefits of ownership but limits the amount of profit (equity) they can keep when the property is sold. It is a very successful method of providng moderately priced housing not just now, but into the future. Gavin, I spoke with you about this on several occasions (I’m with Alice B. Toklas) and have an expert in the field who is ready to sit and talk with you about this promising field of housing.
Keep up the good work!
Carole
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